REI Lense

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$4,142 (target)

3055 Salem Ave, Minneapolis, MN 55416

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Mid-Term investment with a projected -0.98% first-year return on $105k initial cash invested.

-0.98%

Cash On Cash

6.74%

Cap Rate

1.04

DSCR

$4,142

Rent

-$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,142 income − $4,228 expenses = $86 out of pocket

Income$4,142Out of Pocket$86Mortgage P&I$2,25054%Property Taxes$42210%Insurance$1474%Management$49712%CapEx$1664%Vacancy$1243%Maintenance$1664%Other$45611%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,920

Closing costs

1%

$4,146

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,142

Total Expenses

$4,228

Mortgage P&I

54%

$2,250

Property Taxes

10%

$422

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$497

CapEx

4%

$166

Vacancy

3%

$124

Maintenance

4%

$166

Other

11%

$456

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